Clough Global Closed End Funds Announce Portfolio Manager Departure and Appointment of New Interested Trustee
April 24 2017 - 6:11PM
Business Wire
Clough Capital Partners L.P. (“Clough Capital”), in conjunction
with the Clough Global Closed End Funds, announced today that due
to a significant medical condition, James E. Canty is stepping down
as a portfolio manager and as an Interested Trustee of each of the
Clough Global Closed-End Funds, effective immediately. Charles
Clough and Robert Zdunczyk will remain as portfolio managers for
each of the Clough Global Closed-End Funds. Additionally, Kevin
McNally was elected an Interested Trustee of each of the Clough
Global Closed-End Funds effective as of April 24, 2017.
Kevin McNally joined Clough Capital in 2014 as the Portfolio
Manager for the Clough Finn Investment Partners fund, which
launched in November 2014. Kevin has 24 years of experience
focusing almost exclusively on closed-end funds (CEFs) and
exchange-traded funds (ETFs). Prior to joining the firm, Kevin was
the Director of Closed-End Funds at ALPS Fund Services where he was
instrumental in launching approximately $13 billion in total assets
of CEFs. Prior to that, Kevin was Director of CEF and ETF Research
at Smith Barney, Director of CEF and ETF Marketing at Morgan
Stanley, worked in Mutual Fund research at Merrill Lynch
specializing in CEFs, and Manager of the CEF Marketing Department
at Prudential Securities. He holds a B.A. from the University of
Massachusetts at Amherst and an MBA in Finance from NYU Stern
School of Business.
About Clough Global Equity Fund
The Fund is a closed-end fund utilizing the Adviser’s
research-driven, thematic process, with an investment objective of
providing a high level of total return. Having a global, flexible
mandate and exploiting the Firm’s research offices in Boston and
Hong Kong, the Fund will invest at least 80% in equity and
equity-related securities in both U.S. and non-U.S. markets, and
the remainder in fixed income securities, including corporate and
sovereign debt, in both U.S. and non-U.S. markets. More information
on the Clough Global Equity Fund, including the Fund’s dividend
reinvestment plan, can be found at www.cloughglobal.com or call
877-256-8445.
About Clough Global Opportunities Fund
The Fund is a closed-end fund with an investment objective of
providing a high level of total return. The Fund seeks to achieve
this objective by applying a fundamental research-driven investment
process and will invest in equity and equity-related securities as
well as fixed income securities, including both corporate and
sovereign debt. Utilizing the Adviser’s global research
capabilities, with offices in Boston and Hong Kong, the Clough
Global Opportunities Fund will invest in both U.S. and non-U.S.
markets. More information on the Clough Global Opportunities Fund,
including the Fund’s dividend reinvestment plan, can be found at
www.cloughglobal.com or call 877-256-8445.
About Clough Global Dividend and Income Fund
The Fund is a closed-end fund with an investment objective of
providing a high level of total return. With analysts in Boston and
Hong Kong, the Clough Global Dividend and Income Fund seeks to
pursue this objective by applying a fundamental research-driven
investment process and will invest in equity and equity-related
securities as well as fixed income securities, including both
corporate and sovereign debt, in both U.S. and non-U.S. markets.
More information on the Clough Global Dividend and Income Fund,
including the Fund’s dividend reinvestment plan, can be found at
www.cloughglobal.com or call 877-256-8445.
About Clough Capital Partners L.P.
Clough Capital is a Boston-based investment advisory firm which
manages approximately $2.8 billion in assets: $1.2 billion in hedge
fund and institutional accounts; $96 million in open-end mutual
funds; and $1.5 billion in three closed-end funds (as of December
31, 2016) – Clough Global Dividend and Income Fund (GLV), Clough
Global Equity (GLQ), and the Clough Global Opportunities Fund
(GLO). The firm uses a global and theme-based approach and invests
in securities on a global basis.
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. To obtain a
prospectus, annual report or semi-annual report which contains this
and other information visit www.cloughglobal.com or
call 877-256-8445. Read them carefully before investing.
The Clough Global Equity Fund is a closed-end fund and
closed-end funds do not continuously issue shares for sale as
open-end mutual funds do. Since the initial public offering, the
Fund now trades in the secondary market. Investors wishing to buy
or sell shares need to place orders through an intermediary or
broker. The share price of a closed-end fund is based on the
market's value.
The Clough Global Opportunities Fund is a closed-end fund and
closed-end funds do not continuously issue shares for sale as
open-end mutual funds do. Since the initial public offering, the
Fund now trades in the secondary market. Investors wishing to buy
or sell shares need to place orders through an intermediary or
broker. The share price of a closed-end fund is based on the
market's value.
The Clough Global Dividend and Income Fund is a closed-end fund
and closed-end funds do not continuously issue shares for sale as
open-end mutual funds do. Since the initial public offering, the
Fund now trades in the secondary market. Investors wishing to buy
or sell shares need to place orders through an intermediary or
broker. The share price of a closed-end fund is based on the
market's value.
Forward-looking statements are based on information that is
available on the date hereof, and neither the fund manager nor any
other person affiliated with the fund manager has any duty to
update any forward-looking statements. Important factors that could
affect actual results to differ from these statements include,
among other factors, material, negative changes to the asset class
and the actual composition of the portfolio.
ALPS Portfolio Solutions Distributor, Inc FINRA Member
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version on businesswire.com: http://www.businesswire.com/news/home/20170424006670/en/
Clough Capital Partners L.P.Tom Carter, ALPS, +1-303-623
2577tom.carter@alpsinc.comorClough Global Equity Fund (NYSE MKT:
GLQ)Clough Global Opportunities Fund (NYSE MKT:
GLO)Clough Global Dividend and Income Fund (NYSE MKT:
GLV)Fund Services Group, 877-256-8445
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